USD/JPY Discussion | Page 733 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #14,641
  • Jan 26, 2010 11:12pm Jan 26, 2010 11:12pm
Here's my chart...I hope I've anchored the Fib tool properly, (I think I have), but feel free to correct me if I'm wrong...
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyfib.jpg Size: 88 KB
  • #14,642
  • Jan 26, 2010 11:21pm Jan 26, 2010 11:21pm
Quoting fxpipper
Here's my chart...I hope I've anchored the Fib tool properly, (I think I have), but feel free to correct me if I'm wrong...
The fibonacci is not right

The one that you have drawn, shows the retracement from 101.xx to 85.xx

That wave retraced 50%, 85.xx to 93.xx >> Done.

Now the fibonacci that you need to apply is for the rise from 84.74 to 93.76

Its nice to know the overlaps, but the main one is 84.74 to 93.76 and its close to its 61.8 fibo at 88.20
  • #14,643
  • Jan 26, 2010 11:29pm Jan 26, 2010 11:29pm
Ahh I see...my Fib was outdated.

Just reapplied the Fib with the new numbers and I see we are at 50% right now. So yeah around 88.20 would be the right time to load up on longs.

I've been watching those videos by Wade Hansen at learningmarkets.com and he still shows the old retracement, (maybe he's looking at a weekly), so maybe it does hold a bit of value. Maybe we'll see a little bit of a reaction at 88.76 or so, but I now see that 88.20 is where the money's at.

Thanks for the correction!
  • #14,644
  • Jan 26, 2010 11:35pm Jan 26, 2010 11:35pm
not true, your fib is not out dated, that is the overall fib retracement and the strongest point is the 61% and that line is stronger than any other of the more current fib levels.
that 61% level might not come into play for a long time but overall that is the strongest fib level you will find on that chart, you did good, would be good too though to have some newer fib levels as well even though they may not be as strong they may be more relavant
Im a zombie.. "Rawr"
  • #14,645
  • Jan 26, 2010 11:43pm Jan 26, 2010 11:43pm
Thanks for the help...it's nice that I learn something new on here all the time!
  • #14,646
  • Jan 27, 2010 12:49am Jan 27, 2010 12:49am
Quoting TheArcher
http://i50.tinypic.com/r94kr8.jpg

had taken it out for 30pips ( 89.53- 89.23)
  • #14,647
  • Jan 27, 2010 1:06am Jan 27, 2010 1:06am
just felt like saying this ....

nice group of people posting quality analysis in here ...

happy to be in company with these people...

  • #14,648
  • Jan 27, 2010 1:33am Jan 27, 2010 1:33am
^^ You as well...I always enjoy your analysis.
  • #14,649
  • Jan 27, 2010 7:24am Jan 27, 2010 7:24am
Quoting fxpipper
^^ You as well...I always enjoy your analysis.
guys sorry to ask but i was really newbie in here, what fo you guys mean by 61% fib? or 50%pips? i want to learn to use technical from you guys, so please share with me.
  • #14,650
  • Jan 27, 2010 7:35am Jan 27, 2010 7:35am
wow a lot of fibs around here

i use it but dont actively trade off of it, thought fib was just drawing a line to another point, mine doesnt let me change that

selling the usd jpy

coz ive seen usd week overall the other currencies daily and 4 hourly

plus there new today

do you think its a strong shout for a sell on usd jpy ?


think its a fair bet what do you guys think
  • #14,651
  • Jan 27, 2010 7:41am Jan 27, 2010 7:41am
Quoting yeri
guys sorry to ask but i was really newbie in here, what fo you guys mean by 61% fib? or 50%pips? i want to learn to use technical from you guys, so please share with me.
hi the fib retracment is basically as it says

say the price is going down, it usually goes up a bit to the fib lines

30 50 70 100


usually

if it hit 70 it usually means the trend is reversed and is going up

if i hits 30 and has good resistance then the tend might continue to go down

might be a good place to put a sell bet in one you obversed it and studied it enough

think its based on a mathematic thing invent by leonardo divinici

perfect balance thingy
  • #14,652
  • Jan 27, 2010 7:43am Jan 27, 2010 7:43am
Quoting TheArcher
had taken it out for 30pips ( 89.53- 89.23)
you not going to take some more pips on this one?

or waiting for news releases
  • #14,653
  • Jan 27, 2010 8:48am Jan 27, 2010 8:48am
Looks like this pair is cosolidating around this level.

I scalping them slowly but surely...

haha...my wife thinks I am crazy to do this style of tdg...so far so good.
Attached Image (click to enlarge)
Click to Enlarge Name: asdfghj.JPG Size: 123 KB


cheers
  • #14,654
  • Jan 27, 2010 8:54am Jan 27, 2010 8:54am
This is my current trade and just waiting time when will hit my first Tp







Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyswing.gif Size: 15 KB
"Buy on fear, sell on greed !!!
  • #14,655
  • Jan 27, 2010 9:32am Jan 27, 2010 9:32am
Quoting yeri
i was really newbie in here

i want to learn to use technical
its not difficult ... "google" for it (if you like reading).... or "youtube" for it (if you like to watch and hear ) to get the basics ...

  • #14,656
  • Jan 27, 2010 9:39am Jan 27, 2010 9:39am
Quoting swano
you not going to take some more pips on this one?

or waiting for news releases
might consider if it drops from 89.10 ... until then i think it might do range play on 1hr chart ...

i am comfortable with 20pips per trade ... all others are a bonus ...

  • #14,657
  • Jan 27, 2010 9:54am Jan 27, 2010 9:54am
1 out of 3 for me today...took some shorts below 25, thought it would hit 89...just started to range on me...oh well tomorrow is another day
  • #14,658
  • Jan 27, 2010 10:11am Jan 27, 2010 10:11am
Quoting TheArcher
might consider if it drops from 89.10 ... until then i think it might do range play on 1hr chart ...

i am comfortable with 20pips per trade ... all others are a bonus ...

How are you trying to play the range? 25-52 area? looks to me like going long off 25 may not be a bad idea
  • #14,659
  • Jan 27, 2010 10:12am Jan 27, 2010 10:12am
Kas1,

Hi !

how do u incorporate Volume in ur analysis ... ?

any simplified article u would refer to me in the context of VSA threads ..?

thank you .

  • #14,660
  • Jan 27, 2010 10:19am Jan 27, 2010 10:19am
Quoting TheArcher
Kas1,

Hi !

how do u incorporate Volume in ur analysis ... ?

any simplified article u would refer to me in the context of VSA threads ..?

thank you .

I just started using volume a couple months ago...also started using wide range body analysis...I would say the best thing to do is find master the markets by tom williams (google)
37 traders viewing now